Investor orders topped $1.6 billion for NBO’s issue, a source with knowledge of the deal said.
Al Nowais Investments, an Abu Dhabi-based private firm is leading a consortium to build Egypt’s first coal-fired power plant in the Suez area.
Funds dedicated to sukuk are a rare breed, with only 20 currently marketed in the Gulf.
Global’s management team comprising Group CEO Ghunaim, CEO Bader al-Sumait, and executive vice presidents had resigned prior to its general meeting in September.
The International Monetary Fund did not give details of the reforms and government officials were not available for comment.
Listed on the DFM in 2007, the Dubai-based company was formed in 1975 to support the city’s residential development.
Real GDP growth stood at 5.4 per cent in January-March, the slowest rate since the third quarter of 2012.
Amanat will use the funds raised from the offering to establish companies in the healthcare and education sectors.
The Sultanate’s second-largest lender by assets is earmarked to price its deal at 140 basis points, plus or minus 5 bps, over midswaps.
Gulf states have provided $30 billion in funding over the last decade to develop African infrastructure, a study says.
The loan will pay an interest rate of 120 basis points over the London interbank offered rate (Libor), a filing to the Qatar stock exchange said.
Bullishness towards Saudi Arabia, which peaked in the July survey due to the announcement of stock market opening to foreign investment, has been declining.
Shares in the Emaar Malls Group IPO were priced at Dhs2.90 per share, giving an overall sale value of Dhs5.8 billion.
The Gulf equities fund, domiciled in Luxembourg, has an intial $30 million in assets.
The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.
The bank has set initial price thoughts for the $77.6 million issue of five years duration at 165 basis points over New Zealand midswaps, the document showed.
HSBC Bank Oman, an affiliate of HSBC Holding, said in April it had approved the sale of its Indian business to Doha Bank.
Tasnee has submitted an offer to the Gulf Investment Corporation to buy the additional stake in Cristal subsidiary , thus raising its overall holding to 79 per cent.
The shareholders agreed to the issuance of a sharia-compliant instrument worth up to Dhs2.1 billion ($571.8 million) and convertible into company stock, the company said.
The new policy will allow citizens from 66 countries to receive visas upon arrival in Bahrain, while visitors from another 36 countries will be eligible for e-visas.
The budget surplus, equivalent to around 26 per cent of gross domestic product, was up marginally from KD12.7 billion, or nearly 25 per cent of GDP, in the previous fiscal year.
Alhokair said on Thursday the facility will fund the acquisition and other expansion by the company.
While ranking highly for global competitiveness, the UAE also needs to focus on establishing the right environment for entrepreneurship and innovation.
The fund warned the Kingdom to rein in public spending, which has risen 52 per cent annually since 2010 and reached SAR994.7 billion in 2013.
The company is casting its eye over potential arrangers of the bond, though no banks have been mandated yet for the trade, sources say.
The bank said 2,900 applications for shares in the Emaar Malls IPO came via its ATM and newly launched eIPO platform.
The move was part of the Swiss bank’s plan to “optimise its local operations” in the UAE, it said.
The firm raised $75 million, 55 per cent of its capital, in April via an offer that was 36 times subscribed.
On a quarter-on-quarter basis, GDP dropped 3.1 per cent in the second quarter, the biggest fall since the quarterly data series began in 2010.
The company will use the loan to build residential and infrastructure projects in King Abdullah Economic City